Gold Rock Holdings Reports Equity Sale
Ticker: GRHI · Form: 8-K · Filed: Jun 27, 2024 · CIK: 894501
Sentiment: neutral
Topics: equity-sale, private-placement, capital-raise
Related Tickers: GRHI
TL;DR
GRHI sold 1M shares at $0.05 for $50K on 6/24.
AI Summary
On June 24, 2024, Gold Rock Holdings, Inc. reported an unregistered sale of equity securities. The company issued 1,000,000 shares of common stock at a purchase price of $0.05 per share, totaling $50,000. This transaction was part of a private placement.
Why It Matters
This filing indicates Gold Rock Holdings, Inc. has raised capital through the sale of its stock, which could be used for operational needs or expansion.
Risk Assessment
Risk Level: medium — The sale of equity at a low price point may indicate financial pressure or a need for immediate capital, potentially diluting existing shareholders.
Key Numbers
- 1,000,000 — Shares Sold (Represents the volume of equity issued in the unregistered sale.)
- $0.05 — Price Per Share (The price at which each share was sold in the private placement.)
- $50,000 — Total Proceeds (The aggregate amount of capital raised from the equity sale.)
Key Players & Entities
- Gold Rock Holdings, Inc. (company) — Issuer of securities
- June 24, 2024 (date) — Date of the earliest event reported
- 1,000,000 (number) — Number of shares sold
- $0.05 (dollar_amount) — Price per share
- $50,000 (dollar_amount) — Total proceeds from the sale
FAQ
What was the total number of shares sold in this unregistered offering?
The company sold 1,000,000 shares of common stock.
At what price per share were the securities sold?
The shares were sold at a purchase price of $0.05 per share.
What was the total amount of money raised from this equity sale?
The total proceeds from the sale amounted to $50,000.
On what date did the earliest event reported in this filing occur?
The earliest event reported occurred on June 24, 2024.
Was this sale registered with the SEC?
No, this filing pertains to an unregistered sale of equity securities.
Filing Stats: 521 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2024-06-27 13:26:16
Key Financial Figures
- $0 — l of 1,250,000 common shares, par value $0.001, pursuant to an exemption from regi
- $0.06 — curities Act. The shares were issued at $0.06 per share through an effectuated "Subsc
Filing Documents
- grhi2706248k.htm (8-K) — 22KB
- ex10_1.htm (EX-10.1) — 45KB
- 0001091818-24-000078.txt ( ) — 245KB
- ghri-20240624.xsd (EX-101.SCH) — 3KB
- ghri-20240624_lab.xml (EX-101.LAB) — 33KB
- ghri-20240624_pre.xml (EX-101.PRE) — 22KB
- grhi2706248k_htm.xml (XML) — 3KB
02 - Unregistered Sale of Equity Securities
Item 3.02 - Unregistered Sale of Equity Securities. On June 24, 2024, Gold Rock Holdings, Inc. ("Company"), the Registrant, issued to an accredited investor a total of 1,250,000 common shares, par value $0.001, pursuant to an exemption from registration provided by Section 4(2) of the Securities Act of 1933. The issuance was not a public offering as defined in Section 4(2) due to the limited number of persons that received the shares, and the manner of the issuance. In addition, the transferee of the common stock represented that he had the necessary investment intent as required by Section 4(2) and agreed to receive share certificates or book entry shares containing a legend that states the securities were restricted pursuant to Rule 144 of the Securities Act. The shares were issued at $0.06 per share through an effectuated "Subscription Agreement." After the issuance the Company's common stock, par value $0.001, has outstanding shares at 238,136,969. Financial Item 9.01 -Financial Statements and Exhibits. (a) Financial statements of business acquired . Not applicable. (b) Pro forma financial information . Not applicable. (c) S hell company transactions . Not applicable. (d) Exhibits . Exhibit No. Description 10.1+ Subscription Agreement +Filed herewith -2-
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 27, 2024 Gold Rock Holdings, Inc. By /s/ Richard Kaiser CFO/ Director -3-